Venture capital is funding provided to start-up companies in exchange for a percentage of ownership in the firms. Because of the strong local markets in telecommunications, software development, Internet services/security and managed healthcare, venture capital firms including Edison Venture Fund, New Atlantic Ventures, Updata Partners and Valhalla Partners, to name a few, have established offices in Fairfax County. Many other funds, while headquartered elsewhere, acknowledge the value of investing in Fairfax County. Law firms, accounting firms and banks that specialize in serving the venture community also have a growing presence in the county.
In 2012, Fairfax County companies received approximately $162 million in venture capital financing 37 private equity deals.
The Fairfax County Economic Development Authority's Capital Attraction Program enhances the county's visibility as a location for entrepreneurs to start and grow their businesses and seeks to increase Fairfax County's market share of venture capital funding. The Venture Capital in Fairfax County Fact Sheet (pdf) provides more information on the FCEDA's Capital Attraction Program.
If you are an equity investor or affiliated with a venture capital firm interested in doing business in Fairfax County contact the manager of the FCEDA's Capital Attraction Program, Anne Rosenblum by e-mail or by phone at 703-790-0600.